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The crypto market is bracing for a wave of large token unlocks between November 3 and November 10, with a total value exceeding $312 million, according to data from Tokenomist. These scheduled releases could introduce short-term volatility for several altcoins as previously locked tokens enter circulation.
Major One-Time Unlocks Above $5 Million
Several tokens will experience significant one-time unlocks this week, each surpassing $5 million in value. These include:
- $ENA (Ethena): $63.05 million worth of tokens (2.52% of supply)
- $MEME: $5.22 million (5.98%)
- MOVE: $3.37 million (1.82%)
- BB: $3.07 million (3.85%)
- RED: $1.78 million (2.40%)
- SXT: $1.28 million (1.62%)
- MAVIA: $1.15 million (16.92%)
The largest among these is Ethena ($ENA), with over $63 million in tokens set to unlock, potentially drawing trader attention due to its relatively small circulating supply ratio.
Large Linear Unlocks to Watch
A separate set of tokens will see linear unlocks exceeding $1 million per day, spreading new supply gradually over the week. These include major names such as Solana ($SOL) and Dogecoin ($DOGE):
- $SOL: $92.20 million (0.09% of supply)
- TRUMP: $36.68 million (2.45%)
- $WLD (Worldcoin): $30.84 million (1.64%)
- $DOGE: $17.82 million (0.06%)
- AVAX: $12.96 million (0.16%)
- ASTER: $12.34 million (0.51%)
- TAO: $12.17 million (0.26%)
- IP: $9.84 million (0.72%)
- ETHFI: $8.34 million (1.51%)
Solana’s $92 million unlock is the largest by value this week, though it represents just 0.09% of its circulating supply, suggesting limited price impact.
Market Outlook
Token unlocks often trigger short-term selling pressure, especially when the release size is large relative to circulating supply. However, the overall impact depends on market sentiment and liquidity.
With over $312 million worth of tokens entering the market in one week, the market may see increased volatility across affected assets, particularly $ENA, $MEME, and $WLD, which have smaller liquidity bases.
If institutional and retail demand remains steady, much of this new supply could be absorbed without major disruption.